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Marsi Richter & Mary Menard Close $1.175M Mountain Lakes Land Deal
SOLD
$1,175,000
New Jersey
See Similar DealsLand
Sold 04/22/2024
SOLD
Marsi Richter & Mary Menard Close $1.175M Mountain Lakes Land Deal
266 Boulevard
See Similar DealsLand
Sold 04/22/2024
Summary
NEW JERSEY
Asset Type:Land
Transaction Type:Sale
In Mountain Lakes, 266 Boulevard, a land asset spanning 0.73 acres, was sold for $1,175,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,175,000
- Address: 266 Boulevard
- Market: Mountain Lakes
- Asset Type: Land ~ ACRES: 0.73
Marsi Richter of Coldwell Banker represented the buyer, while Mary Menard, represented by Compass, acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19
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